Crude oil price begins today’s trading with slight bullish bias, but it ended last Friday below 45.46, to keep the bearish trend scenario active until now, which targets 40.00 level mainly, noting that the continuation of rising to breach 46.35 will stop the expected decline and lead the price to achieve more gains on the intraday basis, targeting 50.00 level initially.
Expected trading range for today is between 43.00 support and 47.00 resistance.
Expected trend for today: Bearish